I made money on the pain of others. I made money because after 2 deployments during Shock and Awe OEF OIF I know how the system works.
I shorted at $33 with no intention of covering till the teens. I am sorry for all the people who lost so much by buying hype. Wall st. and DC is 1 big pump and dump. They stole.
10%-20% a year is great return for any investor but as a muppet trader, I shoot for 5%-10% a week trading options using $10,000. If I can bag 10% on a monday, I get to spend the rest of the week fishing and goofing off! :)
1/3 VXX on a Dog Collar, 1/3 Silver eagles, 1/3 in cash.
Yes less risk. I got VXX on a Collar. I sell calls intraday and use those premiums to short the stock with puts.
Rinse and repeat. It's alot of fun!